long GBPJPYmy first entry is in 50 pips currently and all stops moved to entry just entered my second entry according to my earlier gbpjpy analysis. disclaimer: your trading decisions and their outcomes are your responsibility alone. Trade safely and wisely!Longby KaizenOnCharts0
long GBPJPYSupply Zone Identified: The pink highlighted area at the top of the chart represents a supply zone. This is where sellers have shown dominance in the past, and we expect potential selling pressure to emerge again. Demand Zone Identified: The blue highlighted area at the bottom represents a demand zone. This is where buyers have previously shown interest, and we anticipate potential buying pressure to resurface. Price Action: The price has recently dropped from the supply zone and is approaching the demand zone. This presents a potential trading opportunity. Volume Analysis: The volume bars at the bottom show increased activity during significant price movements, supporting the importance of these zones. Potential Scenarios: a) If price reaches the demand zone and shows signs of reversal, it could present a buying opportunity with a target near the supply zone. b) If price breaks through the demand zone, it might indicate further downside potential. c) Any rally back to the supply zone could offer a selling opportunity if rejection patterns form. Risk Management: The gray box near the demand zone could serve as a stop loss area for long positions, while the upper edge of the supply zone could act as a stop for short positions. Remember: Always use proper risk management and confirm entries with additional technical analysis or indicators before trading.Longby KaizenOnCharts4
GBPJPY27.07.24 | GBPJPY | Intraday Short Term Setup | Buy at Market 197.30 SL 197.05 TP 197.80 Status Active GBPJPY is in the oversold region and it is showing some pullback back to enjoy this ride you can take a trade of 45-55 pips as TP Longby Trading-AxleUpdated 1
Correction According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that the continuation of the correction process will take place Shortby STPFOREX1
buy idea on GBPJPYBased on Fibonacci (prophetic lol) FIRST TARGET @199.70 SECOND TARGET @201.735 STOP LOSS @196.28Longby ChessCryptoUpdated 7
GBPJPYAfter back testing, iv seen theres a move each day break, so i set my alarm to wake up, wait for my plan to align then enter. i am grateful for the profit but i should of got in earlier and out earlier. TP set and hit Sl always set plan followed 1/2 trades taken daily price can continue to break down to recent wicked daily support or continue bullish to daily resistance 40 / 50 pip daily target Shortby cassiuskemeticUpdated 0
GBPJPY 29.7 - XGJ looks like it mitigated the buy zone on a Daily time frame, after a strong drop in price. Now we know that naturally price makes Impulse and then correction or as I call it Sprint and Recovery if the price action is healthy. I will look for buys on GJ as I would like to see price make a correction all the way up.Longby Tilen_FX21
GBPJPYThis Weekly FORECAST Opportunity for GBPJPY. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN0
GBPJPY FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis – July 27, 2024 Intra-Day Sentiment: 33% Bearish, 67% Bullish Daily Sentiment: 18% Bearish, 82% Bullish Overall Sentiment: Favorable to Buy Economic Calendar and Trading Recommendations Monday, July 29, 2024 10:30 AM (GB): Mortgage Approvals Forecast: 63.50 Thousand Trade Recommendation: Sell GBPJPY 12:00 PM (GB): CBI Distributive Trades Retail Sales MoM Forecast: 0.40% Trade Recommendation: Sell GBPJPY Tuesday, July 30, 2024 01:30 AM (JP): Unemployment Rate Forecast: 2.70% Trade Recommendation: Sell GBPJPY Wednesday, July 31, 2024 01:50 AM (JP): Retail Sales YoY Forecast: 1.50% Trade Recommendation: Sell GBPJPY 06:00 AM (JP): BoJ Interest Rate Decision Forecast: 0.25% Trade Recommendation: Buy GBPJPY 07:00 AM (JP): Consumer Confidence Forecast: 35.00 points Trade Recommendation: Sell GBPJPY Thursday, August 01, 2024 02:30 AM (JP): Jibun Bank Manufacturing PMI Forecast: 51.50 points Trade Recommendation: Buy GBPJPY 08:00 AM (GB): Nationwide Housing Prices MoM Previous: +0.4%, Forecast: 0.1% decline Trade Recommendation: Buy GBPJPY 10:30 AM (GB): S&P Global Manufacturing PMI Final Forecast: 51.90 points Trade Recommendation: Buy GBPJPY 01:00 PM (GB): BoE Interest Rate Decision Forecast: 5.00% Trade Recommendation: Buy GBPJPY Summary: Despite short-term bearish signals and mixed economic indicators, the prevailing sentiment and key economic releases indicate a bullish outlook for GBPJPY. The primary trading strategy should emphasize buying GBPJPY, supported by favorable macroeconomic data and sentiment.Longby spacedevil2
GBP/JPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 202.762 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
GBPJPY SELLLooking at trend analysis, we broke the trendline and went all the way to test the previous higher low. This signals for a potential trend change for the pair as this means we created a lower low and are expecting a lower high to form. We already got confirmation from the close of the Friday candle confirming an entry at the sell zone. Upon market open an entry will be placed with TP1 and TP2 as our exit strategy.Shortby Just_Nkhensani1
GBPJPY-SELL strategy Daily chart Heikin AshiThe pair has pressure downward, and stochastic clearly shows we are. we are protected, supported @ 204.00 area, and we had a few bounces of that level. For now I expect consolidation between 204.50 and 207.00 short-term, but with selling bias. Strategy SELL @ 205.50-206.50 when seen (sorry wide) and place SL above 208.50 and profit @ 200.50 for now. Shortby peterbokmaUpdated 552
GBP-JPY Will Go UP! Buy! Hello,Traders! GBP-JPY is trading along The rising support line And the pair has already made A bullish rebound from the Support so I think that We will see a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals111
Planning to sellPlanning on selling when market opens. Looks ready. Reason for trade: (1)break in structure accompanied by (2) liquidity. (3) Price approach looks great as well.Shortby Angelos_Trader117
GBPJPY long trade a technical perspectiveGJ currently on the decline due to JPY intervention this trade is against current sentiment taking the retracement back to the next sell off trendline and s/r zone at entry with oversold rsi trade currently active Longby Mdsman5Updated 0
GBP_JPY BULLISH BIAS|LONG| ✅GBP_JPY fell down sharply But a strong rising support was hit Thus as a rebound is already happening A move up towards the target at 199.000 shall follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx114
GBPJPY BearishHead and shoulder on 15 min frame in the making at 382 level of 1 h Fibo. Would sell after breakout.Shortby noumannaseer0
GBPJPY Potential DownsidesHey Traders, in the coming week we are monitoring GBPJPY for a selling opportunity around 199 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 199 support and resistance area. Trade safe, Joe.Shortby JoeChampion5
GBPJPYGBPJPY as per daily time frame is bullish, it's retraced almost 0.786 and possible start to upward.Longby AsifAwan110
Potential LongI can see a head and shoulder pattern on this pair supported with the RSI moving upwards coming from oversold with the potential of revisiting the previous price with reasonable risk.Longby Raphael1
PRICE ACTION concept simple price action : 1 - market structure 2- resistance & support 3- trendline uptrend or downtrend 4- confirmations candle bullisch engalfing & bearisch engalfingEducationby hamidTrader210
GBPJPY ( BELOW FVG ) (4H)GBPJPY HELLO TRADERS Tendency , the price inside two turning level around 199.493 & 197.879 . TURNING LEVEL (1) : the price of this level at 199.493 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 197.879 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 201.419 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 203.814 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 195.223 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 191.917 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 1.286 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 201.419 , 203.814 . SUPPORT LEVEL : 195.223, 191.917. Shortby ArinaKarayi4